NOVONIX (NOVONIX) Total Assets

: $263.34 Mil (As of Dec. 2023)

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NOVONIX's Total Assets for the quarter that ended in Dec. 2023 was $263.34 Mil.

Warning Sign:

If a company builds assets at 64.2% a year, faster than its revenue growth rate of 12.6% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, NOVONIX's average Total Assets Growth Rate was 21.00% per year. During the past 3 years, the average Total Assets Growth Rate was 96.60% per year. During the past 5 years, the average Total Assets Growth Rate was 64.20% per year.

During the past 9 years, NOVONIX's highest 3-Year average Total Assets Growth Rate was 466.90%. The lowest was 4.30%. And the median was 97.60%.

Total Assets is connected with ROA %. NOVONIX's annualized ROA % for the quarter that ended in Dec. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. NOVONIX's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

NOVONIX Total Assets Historical Data

The historical data trend for NOVONIX's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => 24.46 [5] => 51.76 [6] => 152.31 [7] => 302.98 [8] => 263.34 )

NOVONIX Annual Data

Trend

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Total Assets

24.46

51.76

152.31

302.98

263.34

NOVONIX Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets																277.43	-	280.89	-	263.34

NOVONIX Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

NOVONIX's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	183.936	+	79.407
	=	263.34

NOVONIX's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	183.936	+	79.407
	=	263.34

NOVONIX (NAS:NVX) Total Assets Explanation

Total Assets is connected with ROA %.

NOVONIX's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0	/	( (0	+	263.343)	/ 1 )
	=	0	/	263.343
	=	0.00 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

NOVONIX's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (0	+	263.343)	/ 1 )
=	0	/	263.343
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

NOVONIX Total Assets Related Terms

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NOVONIX (NOVONIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NOVONIX Ltd (NAS:NVX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NVNXF:USA GC3:Germany NVX:Australia

Address

71 Eagle Street, Level 38, Brisbane, QLD, AUS, 4000

Website

https://www.novonixgroup.com

NOVONIX Ltd operates in the lithium-ion battery industry. The company has three operating segments namely Graphite Exploration and Mining, Battery Technology, and NOVONIX Anode Materials. Graphite Exploration and Mining segment is engaged in the exploration and development of high-grade flake graphite deposit. TheNOVONIX Anode Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment and carried out research and development in battery development. The Battery Technology segment is the major revenue contributor to the company.